China’s Petro Yuan Lecure

Описание: An English language for a French business school in Shanghai by Dr. Antonio Graceffo.
The petro yuan is meant to provide an alternative to the petro dollar. In its loosest terms, petro dollar can refer to oil revenue denoted in dollars. Since the 1970s, oil has been priced in US dollars. Commodities in general are usually priced in US dollars so that prices can remain stable and both buyers and sellers can be protected from exchange rate risk associated with pricing in one country’s domestic currency and paying in another country’s domestic currency.


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About the Author

Antonio Graceffo, PhD, China-MBA is the author of seven books about China and Southeast Asia. He has worked as a lecturer and as a program director of business education and research for joint venture universities in China. Antonio holds a PhD from Shanghai University of Sport, where he wrote his dissertation, in Chinese. In addition, Antonio received his China-MBA, from Shanghai Jiaotong University, and is currently completing a second PhD at School of Economics Shanghai University, specializing in China –US Trade, China’s Belt and Road Initiative, and Trump-China economics. His China economic reports are published at The Foreign Policy Journal and The Shanghai Institute of American Studies, a China government think tank.

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